📈IHS Holdings ($IHS) | The Giant Hiding in Plain Sight

Detailed analysis of the largest cell tower operator in Africa. IHS Holdings $IHS

Welcome to DeepValue Capital by Kyler!

Tired of working for hours just to find one good idea? Let me do the work for you.

Check out some other articles!

📈Atkore ($ATKR) | A Construction Supply Company with Fantastic Capital Allocation

📈Intel | The Semiconductor Company Everyone Hates (Except the Government)

📈International General Insurance | A High-Quality Insurance Company

---

IHS Holdings is an often-overlooked company in Africa. I am going to analyze this giant hiding in plain sight and why it has great potential to make many people a whole lot of money.

Summary of Business

Before investing in any company, it's crucial to understand what they do and how their business economics might evolve in the future. If you can't confidently grasp this, then the company likely falls outside your circle of competence.

IHS provides mobile telecommunications infrastructure services. They own or operate approximately 40,000 towers across 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.

Four operating segments:

• Nigeria

• SSA, which comprises operations in Cameroon, Côte d’Ivoire, Rwanda, South Africa and Zambia

• LATAM, which comprises operations in Brazil, Colombia and Peru

• MENA, which comprises operations in Kuwait and Egypt. Although full operations in Egypt have not commenced, the business has incurred some startup costs.

  

IHS holdings has over 93% market share in 5 countries and is the #1 largest provider in 7. Between those 7 countries the total population comes to about 372 million people.